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Topic: Blow To Bitcoin As iPhone-Maker Apple Reveals Sudden Swerve!!! - page 2. (Read 350 times)

legendary
Activity: 2170
Merit: 1789
Bitcoin doesn't need them, they need Bitcoins.

You can read that a lot of articles are just citing Bitcoin name while they're not even related to Bitcoin at all. One of probably the craziest stories I've ever is how Libra is going to make Bitcoin get another bull run. Like, how the hell does that happens?

legendary
Activity: 3668
Merit: 6382
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Bitcoin and cryptocurrencies have been rallying hard so far this year, largely due to interest in crypto from some of the world’s biggest technology companies, including social media giant Facebook, iPhone-maker Apple, and micro-blogging platform Twitter.

This is not at all the reason for the rally and, as already said, only Bitcoin is growing for real.
Also I see that while the list of over-commented #fails - Facebook's Libra, Apple Cards's "no bitcoin" - starts growing, the price of Bitcoin also grows. So again, the relation you are stating doesn't exist.
legendary
Activity: 2968
Merit: 3684
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Billy Bambrough's an all right commentator, given Forbes previous lack of solid news offerings related to Bitcoin but Apple is the one who's missing out.

People have been misled in the past about what big merchants and payment processors can do for Bitcoin -- just need to look up Paypal and their own U turns over the years... or Microsoft, or whatever. Bitcoin's upped and gone with or without them. Today, that effect's no longer relevant. Facebook coin, if it ever lifts off, can also do the same and find the same lack of effect.
legendary
Activity: 3542
Merit: 1965
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A lot of these larger corporations are bargaining on the US Government allowing "private" currencies and I think they will get strong push back from the regulators, because these currencies will be competing with the Dollar and other reserve currencies.

It is one thing having a P2P decentralized technology like Bitcoin that are unstoppable by these governments, but it is a whole other story when a organization can be forced by a government to "kill" these projects, before they even started.  Roll Eyes
legendary
Activity: 1946
Merit: 1137
Bitcoin and cryptocurrencies have been rallying hard so far this year,
bitcoin has been rallying not altcoins. what altcoins did this year has been to fall for the most part!

Quote
largely due to interest in crypto from some of the world’s biggest technology companies, including social media giant Facebook, iPhone-maker Apple, and micro-blogging platform Twitter.
Forbes seems to not be familiar with Libra. they never showed any kind of "interest" whatsoever in bitcoin!!! they are creating their own altcoin and that doesn't have any effects on bitcoin price and its rally.
the reason for bitcoin price rise is the same reason that price has been rising for the past 10 years.

as for what Apple is doing, it is nothing new. whenever someone creates a payment related thing (payment processors, online e-wallets, credit cards,....) they always try to compete with the competition instead of integrating the competition in it. so not letting their users to use their product to buy bitcoin is an obvious move in my opinion.
legendary
Activity: 2576
Merit: 1860
More like a blow to Apple for me!

This Billy Bambrough does not sound a Bitcoin supporter at all. His reaction to this news is blown out of proportion and even bordering on spreading FUD. He appears to have worried too much that Apple does not allow Bitcoin and other crypto buying. So what? Does Bitcoin really count on Apple as its sole hope in a wider world adoption and even price appreciation? I don't think so, very far from it. It has to be noted that even in the US, where the Apple market is strongest, Android still controls more than 50% of the users.

In other words, this is not Bitcoin's loss. It's more of Apple's.
member
Activity: 627
Merit: 14
Crypto Article Sharer!!!
Everyday I just follow up some news or journal to check out the event or knowing the news of world and especially for crypto currency news. Today I got an article from Forbes and the same is here from that article,

Bitcoin and cryptocurrencies have been rallying hard so far this year, largely due to interest in crypto from some of the world’s biggest technology companies, including social media giant Facebook, iPhone-maker Apple, and micro-blogging platform Twitter.

The bitcoin price, which began the year at under $4,000 per bitcoin, has soared to over $10,000 in just a few months, pushing bitcoin and cryptocurrencies back into the limelight after a disastrous 2018.

If anyone interested to know more please follow the link from below,

https://www.forbes.com/sites/billybambrough/2019/08/04/blow-to-bitcoin-as-iphone-maker-apple-reveals-sudden-swerve/amp/
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